Montana Code 17-5-1512. Negotiability of bonds
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17-5-1512. Negotiability of bonds. Notes and bonds issued by the board are negotiable instruments under the Uniform Commercial Code, subject only to the provisions for registration of notes and bonds.
Terms Used In Montana Code 17-5-1512
- Board: means the board of investments created in 2-15-1808. See Montana Code 17-5-1503
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC